Economics examines all aspects of microeconomic and macroeconomic issues which have become increasingly high profile in recent years. The financial crisis, bankers’ bonuses and fears about Brexit are just three topics rarely out of the news agenda, throwing a light on the importance of and divisions within the discipline. The course will certainly get students thinking from different view points. They’ll explore current economic controversies and the disagreements between economists in a way that will help them to understand the facts behind the headlines.
Students will be encouraged to develop a critical approach to economic models and methods of inquiry. They should have good knowledge of developments in the UK economy and government policies over the past 15 years and a knowledge of current affairs.
Paper 1: The operation of markets and market failure
Paper 2: The national economy in a global context
Paper 1: Markets and market failure
Paper 2: National and international economy
Paper 3: Economic principles and issues
3 written examinations of 2 hours, made up of multiple choice, data response, essay and case study questions.
GCSE grade 5 in English Language and 5 in Mathematics
Students will demonstrate knowledge of terms, concepts, theories and models to show an understanding of the behaviour of economic agents and how they are affected by and respond to economic issues.
They will apply knowledge and understanding to various economic contexts to show how economic agents are affected by economic issues. They will analyse issues within economics, showing an understanding of their impact on economic agents. Finally, they will evaluate economic arguments and qualitative and quantitative evidence to support informed judgments relating to current economic affairs.
The course lays the foundation for further study of economics or related subjects. Careers that use economics include Accountants, Diplomats, Management Consultants, Quantity Surveyors, Government Officers, Civil Servants, Financial Analysts, Stockbrokers and Bankers.